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CT-3 form

Narottam Kumar (Sr. Executive Excise) (24 Points)

02 July 2011

can anyone tell me that what is the validity period for CT-3 under Central Excise Law?

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7 Replies

nilesh (Indirect Tax) (82 Points)
Replied 14 July 2011

Validity of 6 months,

maruti (Asst. Manager) (37 Points)
Replied 17 November 2011

Hi,

Can anybody give us central excise circular or notification number for validity of 6 months?

With regards,

maruti

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 18 November 2011

CT-3 is an extension of credit under B-17 Bond,

validity of CT-3 is dependent on the main B-17 Bond, which is maximum 6 months or the validity of bond, which ever comes earlier.

maruti (Asst. Manager) (37 Points)
Replied 22 November 2011

Dear Sir,

Please refer following case:

Bond B 17 valid till next year.

There is no date of validity like sx months on CT 3. Open qty/schedue is given in CT 3 to supply the goods.

Based on above ct 3 can manufactuer supply the material to EOU after six months?

Please give Notification Number /Circular Numbers.

With regards,

maruti

Why can not supply till quantity exhaust in CT 3

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 23 November 2011

normally when CT-1/3 is issued, its deemed that export consignment is going to be despatched shortly, and 180 days limit is fixed after the actual delivery for export of goods after clearance,

hence the department insists to cleear the goods within 6 months of CT-1/3, however if part consinment is cleared, then against an intimation to CT-1 issue authority by the CT-1 holder, goods can be delivered on such CT-1/3.

of no clearance is made and CT-1/3 has been over 6 monthsl, then its better to intimate the authority 1st, and after that only make clearances, otherwise the tax credit may go under litigation for the bond holder,.

CA D Santosh Kumar Patro (Asst. Manager Finance & Controlling) (88 Points)
Replied 14 August 2012

Dear MrSharmaji,

Even I agreed with your view but not able to get any circular/clarification/ Notification etc. Is it possible to you to provide any department circular/clarification/ Notification etc. on this?

Thanks In advance

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 14 August 2012

@ CA D Santosh

Please refer to the clause under the B-1 Bond, whereas the bond executor has undertaken to provide the period for submission of proof of export, which is six month by default and as per rules.